(Bloomberg) — Mexico halted its steepest-ever series of interest rate rises and promised to keep them stable for an extended period after inflation slowed sharply and the peso rallied to a seven-year high. Most Read from BloombergSingapore Air Hands Staff Eight Months’ Salary Bonus After Record ResultsWall Street Fears $1 Trillion Aftershock From Debt DealHere’s How Much Wealth You Need to Join the Richest 1% GloballySam Zell, Billionaire Real Estate Investor, Dies at 81Disney to Close Florida
— Read on ca.finance.yahoo.com/news/mexico-halts-steepest-ever-series-190928005.html
Tag: Mexico
Mexico’s Central Bank to Decouple From Fed After December Hike, Barclays Says
(Bloomberg) — Mexico’s central bank will likely decouple from the Federal Reserve early next year by raising interest rates less than the US, after it matches the Fed during its meeting this week, according to Barclays Plc. Most Read from BloombergMusk Loses World’s Richest Title to Arnault With Tesla UnwindingElon Musk Is Ruining Trump’s Presidential CampaignUS Core Inflation Slows, Giving Fed Some Breathing Room on RatesTesla Stock Has Never Been This Cheap — And It Could Still Drop FurtherSt
— Read on ca.finance.yahoo.com/news/mexico-central-bank-decouple-fed-190859703.html
Mexico’s Central Bank to Decouple From Fed After December Hike, Barclays Says
(Bloomberg) — Mexico’s central bank will likely decouple from the Federal Reserve early next year by raising interest rates less than the US, after it matches the Fed during its meeting this week, according to Barclays Plc. Most Read from BloombergMusk Loses World’s Richest Title to Arnault With Tesla UnwindingElon Musk Is Ruining Trump’s Presidential CampaignUS Core Inflation Slows, Giving Fed Some Breathing Room on RatesTesla Stock Has Never Been This Cheap — And It Could Still Drop FurtherSt
— Read on ca.finance.yahoo.com/news/mexico-central-bank-decouple-fed-190859703.html
Mexico’s Central Bank to Decouple From Fed After December Hike, Barclays Says
(Bloomberg) — Mexico’s central bank will likely decouple from the Federal Reserve early next year by raising interest rates less than the US, after it matches the Fed during its meeting this week, according to Barclays Plc. Most Read from BloombergMusk Loses World’s Richest Title to Arnault With Tesla UnwindingElon Musk Is Ruining Trump’s Presidential CampaignUS Core Inflation Slows, Giving Fed Some Breathing Room on RatesTesla Stock Has Never Been This Cheap — And It Could Still Drop FurtherSt
— Read on ca.finance.yahoo.com/news/mexico-central-bank-decouple-fed-190859703.html
Mexico Central Bank Hikes Rate to 9.25%, in Step With Fed
(Bloomberg) — Mexico raised its benchmark interest rate to a record 9.25% on Thursday as policy makers prioritize their fight against inflation over reviving a slowing economy.Most Read from BloombergApple Ditches iPhone Production Increase After Demand FaltersMacKenzie Scott Files for Divorce From Science Teacher HusbandTrump Refuses to Delay Florida Deposition in Phone-Fraud Case Despite HurricaneVolatility Grips Stocks as Fed Remains Hawkish: Markets WrapThe UK’s Crisis of Confidence Was Yea
— Read on ca.finance.yahoo.com/news/mexico-central-bank-hikes-rate-183014906.html
Mexico Credit Rating Cut by Moody’s as Fiscal Picture Worsens
(Bloomberg) — Mexico’s had its sovereign debt rating cut by Moody’s Investors Service, which said economic and fiscal trends are expected to undermine the country’s overall credit profile.Most Read from BloombergWho Shot Shinzo Abe and Why? Everything We Know So FarEx-Japan Leader Abe Killed in Shooting That Shocks NationMusk Backs Out of $44 Billion Twitter Deal Over Bot AccountsWorking From Home Isn’t a Free Company BenefitBiden Lauds CIA for Punching ‘Gigantic Hole’ in Putin’s PlaybookIts ra
— Read on ca.finance.yahoo.com/news/mexico-credit-rating-cut-moody-220921214.html
Mexico’s economy has worst quarter since Great Depression – Reuters
Mexico’s economy in the second quarter declined the most since the Great Depression, despite partially recovering from the depths in June, as the coronavirus pandemic shuttered factories, kept shoppers and tourists at home and upended trade.
— Read on www.reuters.com/article/us-mexico-economy/mexicos-economy-has-worst-quarter-since-great-depression-idUSKBN25M1IA
Mexico to sit out extension of OPEC+ oil output cuts – Reuters
Mexico will not join other top oil producers in extending through July output cuts aimed at propping up the price of crude, Energy Minister Rocio Nahle said on Saturday.
— Read on www.reuters.com/article/us-global-oil-mexico-opec/mexico-to-sit-out-extension-of-opec-oil-output-cuts-idUSKBN23D0TC
Mexico annual inflation falls below central bank target in November – Reuters
Mexico’s annual inflation fell below the central bank’s 3% target in November, according to official figures released on Monday, adding to expectations that the bank will cut rates further.
— Read on www.reuters.com/article/us-mexico-inflation/mexico-annual-inflation-falls-below-central-bank-target-in-november-idUSKBN1YD1GT